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Jordan's Arab Bank Group Ups Net Profit By 15%

Jordan's Arab Bank Group Ups Net Profit By 15%

02/04/2013 Arab Bank Group announced on Saturday in a press statement that net profit after tax and provisions for the year ended 2012 grew by 15 per cent from $305.9 million in 2011 to $352 million in 2012.

The AES Corporation is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 27 countries.

Success Stories

On the sidelines of the World Economic Forum in the Dead Sea, a $2 billion agreement was signed between The National Renewable Energy Laboratory, AllCell Technologies, LLC, and Princess Sumaya University for Technology in the presence of His Majesty King Abdullah II, which involves the creation of charging infrastructure for 100,000 electric vehicles by the year 2020.

The activities are in line with AllCell’s effort to expand its product development and global market presence. AllCell’s thermal management technology is suitable for lithium batteries in hot environments, like those in Jordan, and thus the project will help demonstrate and highlight this advantage.